http://www.forbes.com/sites/hollymagister/
Holly Magister - ForbesHolly Magister's stories.http://0.gravatar.com/avatar/4a052c069ae56877dbe7cb84f585fae1?s=400&amp;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D400&amp;r=Ghttp://www.forbes.com/sites/hollymagister/2015/02/13/2015-retirement-tax-planning-for-small-business-owners/
2015 Retirement Tax Planning For Small Business OwnersLearn what a small business owner may do to reduce income taxes during the earning years and increase cash flow during retirement.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2015/02/13/2015-retirement-tax-planning-for-small-business-owners/Fri, 13 Feb 2015 08:02:00 -0500Learn what a small business owner may do to reduce income taxes during the earning years and increase cash flow during retirement.http://www.forbes.com/sites/hollymagister/2014/11/21/how-do-i-value-my-business/
Small Business Expert: How Do I Value My Business?Business valuation methods differ widely for business Ideas, start-ups and mature businesses. Holly Magister, CPA, CFP answers questions from business owners about how to value their business for investment or selling purposes.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/11/21/how-do-i-value-my-business/Fri, 21 Nov 2014 09:30:00 -0500Business valuation methods differ widely for business Ideas, start-ups and mature businesses. Holly Magister, CPA, CFP answers questions from business owners about how to value their business for investment or selling purposes.http://www.forbes.com/sites/hollymagister/2014/11/17/selling-a-business-questions-and-answers/
What To Think About When Selling Your Business: Ask Me NowAsk your questions about selling a business and receive answers from Holly Magister, CPA, CFP who works with entrepreneurs as they plan their transition and sell their business.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/11/17/selling-a-business-questions-and-answers/Mon, 17 Nov 2014 09:15:00 -0500Ask your questions about selling a business and receive answers from Holly Magister, CPA, CFP who works with entrepreneurs as they plan their transition and sell their business.http://www.forbes.com/sites/hollymagister/2014/10/31/taxes-on-retirement-income/
Will You Pay Taxes On Retirement Income? -- You DecideSuccessful entrepreneurs have unique opportunities to develop taxable and non-taxable assets for retirement. New increases to 2015 retirement plan contributions and other limitations offer planning strategies for the entrepreneur's retirement.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/10/31/taxes-on-retirement-income/Fri, 31 Oct 2014 09:31:00 -0400Successful entrepreneurs have unique opportunities to develop taxable and non-taxable assets for retirement. New increases to 2015 retirement plan contributions and other limitations offer planning strategies for the entrepreneur's retirement.http://www.forbes.com/sites/hollymagister/2014/09/25/your-company-failed-to-sell-here-is-why/
Your Company Failed To Sell -- Here's WhySmall business owners have an opportunity to learn from their peers who have attempted and failed or, more importantly, have successfully sold their business during the second quarter of 2014. The summary offers a few great lessons for Main Street and Lower Middle Market business owners.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/09/25/your-company-failed-to-sell-here-is-why/Thu, 25 Sep 2014 09:20:00 -0400Small business owners have an opportunity to learn from their peers who have attempted and failed or, more importantly, have successfully sold their business during the second quarter of 2014. The summary offers a few great lessons for Main Street and Lower Middle Market business owners.http://www.forbes.com/sites/hollymagister/2014/08/07/5-rules-of-entrepreneurship-my-cousins-taught-me/
5 Rules of Entrepreneurship My Cousins Taught MeAs I reflect on my cousins, how we interacted with one another, our parents and grandparents, our bouts of laughter and conflict, I recognize how valuable those times are to me today as an entrepreneur.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/08/07/5-rules-of-entrepreneurship-my-cousins-taught-me/Thu, 7 Aug 2014 09:25:00 -0400As I reflect on my cousins, how we interacted with one another, our parents and grandparents, our bouts of laughter and conflict, I recognize how valuable those times are to me today as an entrepreneur.http://www.forbes.com/sites/hollymagister/2014/06/26/4-questions-successful-entrepreneurs-ask-when-growing-a-business/
4 Questions Successful Entrepreneurs Must Ask When Growing A BusinessMy personal experience has taught me that growing a business, whether organically or by acquisition, is never easy. Coupled with my experience working with other entrepreneurs who are distracted easily by shiny, new opportunities, I recognized the need to develop a quick way to assess or evaluate new ways to [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/06/26/4-questions-successful-entrepreneurs-ask-when-growing-a-business/Thu, 26 Jun 2014 09:20:00 -0400My personal experience has taught me that growing a business, whether organically or by acquisition, is never easy. Coupled with my experience working with other entrepreneurs who are distracted easily by shiny, new opportunities, I recognized the need to develop a quick way to assess or evaluate new ways to [...]http://www.forbes.com/sites/hollymagister/2014/06/03/now-even-your-grandmother-hates-obamacare/
Now, Even Your Grandmother Hates ObamacareOver the past year, small business owners have been facing an uphill battle as they deal with the negative consequences of the Affordable Care Act, also known as Obamacare. Despite the fact that healthcare reform was not supposed to be applicable to small businesses, several mandates as defined in the [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/06/03/now-even-your-grandmother-hates-obamacare/Tue, 3 Jun 2014 09:24:00 -0400Over the past year, small business owners have been facing an uphill battle as they deal with the negative consequences of the Affordable Care Act, also known as Obamacare. Despite the fact that healthcare reform was not supposed to be applicable to small businesses, several mandates as defined in the [...]http://www.forbes.com/sites/hollymagister/2014/04/30/5-6m-small-businesses-blindsided-by-obamacare/
5.6M Small Businesses Blindsided By ObamacareSince 2010, much of the conversation for small business owners regarding Obamacare has been about how healthcare reform will or will not apply to their business. During this time, great efforts have been put forth to assist business owners, both small and large, to understand the applicability, and if necessary, [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/04/30/5-6m-small-businesses-blindsided-by-obamacare/Wed, 30 Apr 2014 14:18:00 -0400Since 2010, much of the conversation for small business owners regarding Obamacare has been about how healthcare reform will or will not apply to their business. During this time, great efforts have been put forth to assist business owners, both small and large, to understand the applicability, and if necessary, [...]http://www.forbes.com/sites/hollymagister/2014/04/07/business-loan-options-for-entrepreneurs-in-2014/
Need Money? Business Loan Options For Entrepreneurs In 2014Emerging from the great recession are new providers of capital for the small business and middle market borrowers driven by investors from all walks of life seeking higher returns.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/04/07/business-loan-options-for-entrepreneurs-in-2014/Mon, 7 Apr 2014 12:13:00 -0400Emerging from the great recession are new providers of capital for the small business and middle market borrowers driven by investors from all walks of life seeking higher returns.http://www.forbes.com/sites/hollymagister/2014/02/21/whatsapp-19-billion-secret-formula/
WhatsApp $19B Secret FormulaFor those entrepreneurs watching in bewilderment as one of their peers rakes in $19B by selling their mobile app to Mark Zuckerberg’s Facebook this week, I feel compelled to drill down on the numbers, key performance indicators, and intellectual property to discover this deal’s secret formula. All of the normal computations [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/02/21/whatsapp-19-billion-secret-formula/Fri, 21 Feb 2014 08:52:00 -0500For those entrepreneurs watching in bewilderment as one of their peers rakes in $19B by selling their mobile app to Mark Zuckerberg’s Facebook this week, I feel compelled to drill down on the numbers, key performance indicators, and intellectual property to discover this deal’s secret formula. All of the normal computations [...]http://www.forbes.com/sites/hollymagister/2014/01/21/bank-loan-covenants-and-clauses-entrepreneurs-regret-most/
Bank Loan Covenants And Clauses Entrepreneurs Regret MostBanks lend money to entrepreneurs based on three factors: Cash flow, Collateral, and Credit Score. The ‘boiler plate language’ in the bank financing documents is intended to ensure the entrepreneur will maintain the business’s cash flow during the term of the agreements and to protect the bank’s collateral in case the entrepreneur fails to make required and timely payments, or is unable to pay off the line of credit and/or loan. The fine print in bank loan agreements, intended to protect the bank, often leads to regret on the part of the entrepreneur.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2014/01/21/bank-loan-covenants-and-clauses-entrepreneurs-regret-most/Tue, 21 Jan 2014 07:09:00 -0500Banks lend money to entrepreneurs based on three factors: Cash flow, Collateral, and Credit Score. The ‘boiler plate language’ in the bank financing documents is intended to ensure the entrepreneur will maintain the business’s cash flow during the term of the agreements and to protect the bank’s collateral in case the entrepreneur fails to make required and timely payments, or is unable to pay off the line of credit and/or loan. The fine print in bank loan agreements, intended to protect the bank, often leads to regret on the part of the entrepreneur.http://www.forbes.com/sites/hollymagister/2013/12/19/obamacare-medicare-taxes-increasing-your-2013-tax-bill/
Obamacare Medicare Taxes -- Increasing Your 2013 Tax BillNew Medicare Taxes related to Obamacare apply to taxpayers in 2013 who have certain types of income. This post and Infographic define the two new Medicare Taxes and how they may apply to taxpayers.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/12/19/obamacare-medicare-taxes-increasing-your-2013-tax-bill/Thu, 19 Dec 2013 07:01:00 -0500New Medicare Taxes related to Obamacare apply to taxpayers in 2013 who have certain types of income. This post and Infographic define the two new Medicare Taxes and how they may apply to taxpayers.http://www.forbes.com/sites/hollymagister/2013/12/11/year-end-tax-tips-every-entrepreneur-needs-to-know-before-they-expire/
Year-End Tax Tips Every Entrepreneur Needs To Know -- Before They ExpireAs 2013 comes to an end, successful entrepreneurs and other taxpayers should take note that many tax deductions and tax credits are being reduced or altogether expired on January 1st, 2014. This Infographic summarizes some of the major 2014 tax changes.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/12/11/year-end-tax-tips-every-entrepreneur-needs-to-know-before-they-expire/Wed, 11 Dec 2013 06:02:00 -0500As 2013 comes to an end, successful entrepreneurs and other taxpayers should take note that many tax deductions and tax credits are being reduced or altogether expired on January 1st, 2014. This Infographic summarizes some of the major 2014 tax changes.http://www.forbes.com/sites/hollymagister/2013/11/20/what-every-entrepreneur-needs-to-know-about-obamacare-now/
What Every Entrepreneur Needs To Know About Obamacare NowWith its deeply divided supporters and opponents, the Affordable Care Act (ACA), also known as ‘Obamacare’, is about to be implemented as it applies to individuals and soon it will become a reality for our nation’s employers. Yet despite the recently announced delay in the implementation of the ACA’s [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/11/20/what-every-entrepreneur-needs-to-know-about-obamacare-now/Wed, 20 Nov 2013 06:14:00 -0500With its deeply divided supporters and opponents, the Affordable Care Act (ACA), also known as ‘Obamacare’, is about to be implemented as it applies to individuals and soon it will become a reality for our nation’s employers. Yet despite the recently announced delay in the implementation of the ACA’s [...]http://www.forbes.com/sites/hollymagister/2013/11/11/11-tangible-ways-entrepreneurs-can-help-veterans/
11 Tangible Ways Entrepreneurs Can Help VeteransThere are approximately 22 Million U.S. Military Veterans and another 2.3 Million Active and Reserve Military Personnel to thank, and while this may feel like an overwhelming task, I believe entrepreneurs are positioned uniquely to make a real difference.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/11/11/11-tangible-ways-entrepreneurs-can-help-veterans/Mon, 11 Nov 2013 07:06:00 -0500There are approximately 22 Million U.S. Military Veterans and another 2.3 Million Active and Reserve Military Personnel to thank, and while this may feel like an overwhelming task, I believe entrepreneurs are positioned uniquely to make a real difference.http://www.forbes.com/sites/hollymagister/2013/10/31/business-for-sale-9-roadblocks-entrepreneurs-must-overcome/
Business For Sale -- 9 Roadblocks Entrepreneurs Must OvercomeThese nine roadblocks stand out as those most difficult to overcome when selling a business.Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/10/31/business-for-sale-9-roadblocks-entrepreneurs-must-overcome/Thu, 31 Oct 2013 07:01:00 -0400These nine roadblocks stand out as those most difficult to overcome when selling a business.http://www.forbes.com/sites/hollymagister/2013/10/21/6-things-successful-entrepreneurs-always-do/
6 Things Successful Entrepreneurs Always DoMuch debate surrounds the notion that an entrepreneur is born with innate entrepreneurial abilities. Many believe that specific genes are present in all successful entrepreneurs. In fact, a 2008 study of identical versus fraternal twins conducted by Scott Shane of Case Western Reserve University, Nicos Nicolaou of the University of [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/10/21/6-things-successful-entrepreneurs-always-do/Mon, 21 Oct 2013 07:22:00 -0400Much debate surrounds the notion that an entrepreneur is born with innate entrepreneurial abilities. Many believe that specific genes are present in all successful entrepreneurs. In fact, a 2008 study of identical versus fraternal twins conducted by Scott Shane of Case Western Reserve University, Nicos Nicolaou of the University of [...]http://www.forbes.com/sites/hollymagister/2013/10/07/how-to-sell-your-business-to-yahoo/
How To Sell Your Business To Yahoo!It’s clear to all, Yahoo!’s President and CEO Marissa Mayer has been on a buying spree. In the first eight months of 2013, Marissa led Yahoo! to complete no less than 19 acquisitions with a total estimated purchase price of $1.3 billion. So far, no other single buyer has closed [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/10/07/how-to-sell-your-business-to-yahoo/Mon, 7 Oct 2013 07:49:00 -0400It’s clear to all, Yahoo!’s President and CEO Marissa Mayer has been on a buying spree. In the first eight months of 2013, Marissa led Yahoo! to complete no less than 19 acquisitions with a total estimated purchase price of $1.3 billion. So far, no other single buyer has closed [...]http://www.forbes.com/sites/hollymagister/2013/10/01/the-4-people-who-made-entrepreneurship-sexy/
The 4 People Who Made Entrepreneurship SexyBecoming an entrepreneur in the 70’s, 80’s and 90’s really wasn’t an attractive career choice for many young people. No one went to college to study entrepreneurship; no one started a business in their dorm room. Entrepreneurship for the young was delivering newspapers at dawn and cutting grass on Saturday [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/10/01/the-4-people-who-made-entrepreneurship-sexy/Tue, 1 Oct 2013 08:16:00 -0400Becoming an entrepreneur in the 70’s, 80’s and 90’s really wasn’t an attractive career choice for many young people. No one went to college to study entrepreneurship; no one started a business in their dorm room. Entrepreneurship for the young was delivering newspapers at dawn and cutting grass on Saturday [...]http://www.forbes.com/sites/hollymagister/2013/09/24/7-new-tax-changes-every-entrepreneur-needs-to-know/
7 New Tax Changes Every Entrepreneur Needs To KnowPresident Obama’s Administration put forth a proposal for the fiscal year 2014 federal budget several months ago. Included in the Administration’s 256-page explanation are many significant proposed changes for taxpayers, including entrepreneurs. As America watches the political showdown in Washington DC this week, the entrepreneur may want to take note [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/09/24/7-new-tax-changes-every-entrepreneur-needs-to-know/Tue, 24 Sep 2013 08:01:00 -0400President Obama’s Administration put forth a proposal for the fiscal year 2014 federal budget several months ago. Included in the Administration’s 256-page explanation are many significant proposed changes for taxpayers, including entrepreneurs. As America watches the political showdown in Washington DC this week, the entrepreneur may want to take note [...]http://www.forbes.com/sites/hollymagister/2013/09/17/how-to-tell-if-your-right-fit-employee-is-wrong/
How To Tell If Your 'Right-Fit' Employee Is WrongTo grow a business into a viable, profitable enterprise, a successful entrepreneur will recognize the importance of hiring right-fit employees. And when it comes time to sell the business, he will have a more valuable business if he is able to demonstrate to buyers that his employees are capable of [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/09/17/how-to-tell-if-your-right-fit-employee-is-wrong/Tue, 17 Sep 2013 07:01:00 -0400To grow a business into a viable, profitable enterprise, a successful entrepreneur will recognize the importance of hiring right-fit employees. And when it comes time to sell the business, he will have a more valuable business if he is able to demonstrate to buyers that his employees are capable of [...]http://www.forbes.com/sites/hollymagister/2013/09/09/could-your-banker-trigger-your-exit/
Could Your Banker Trigger Your Exit?The entrepreneur’s relationship with his banker is not typically straightforward or predictable. Many times the entrepreneur finds himself on the wrong side of a phone call with his palms sweating and heart pounding. Often, that’s when he reaches out for help. The conversation goes something like this: “Is it true, [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/09/09/could-your-banker-trigger-your-exit/Mon, 9 Sep 2013 06:52:00 -0400The entrepreneur’s relationship with his banker is not typically straightforward or predictable. Many times the entrepreneur finds himself on the wrong side of a phone call with his palms sweating and heart pounding. Often, that’s when he reaches out for help. The conversation goes something like this: “Is it true, [...]http://www.forbes.com/sites/hollymagister/2013/09/03/5-things-entrepreneurs-must-know-when-selling-a-business/
The 5 Things Entrepreneurs Must Know When Selling A BusinessWhile the truth may be painful, an entrepreneur who recognizes the realities they will face when selling a business will fare much better than one who does not. All too often, an entrepreneur convinces himself no one will notice these issues and, once the sale is finalized, they all will [...]Holly Magister, Contributorhttp://www.forbes.com/sites/hollymagister/2013/09/03/5-things-entrepreneurs-must-know-when-selling-a-business/Tue, 3 Sep 2013 08:25:00 -0400While the truth may be painful, an entrepreneur who recognizes the realities they will face when selling a business will fare much better than one who does not. All too often, an entrepreneur convinces himself no one will notice these issues and, once the sale is finalized, they all will [...]